HomeMy WebLinkAboutResolution No. 03-R18• RESOLUTION NO. 03-1118•
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA ADOPTING THE BUDGETS AND APPROVING APPROPRIATIONS FOR
THE REDEVELOPMENT AGENCY FOR THE FISCAL YEAR COMMENCING JULY 1, 2003 AND
ENDING JUNE 30, 2004
THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA DOES RESOLVE AS FOLLOWS:
SECTION 1. The budget for the Redevelopment Agency of the City of Azusa for the
fiscal year commencing July 1, 2003 and ending June 30, 2004, as prepared and submitted
by the Executive Director and as modified by the Redevelopment Agency, is hereby
approved and adopted as the budget of the Redevelopment Agency of the City of Azusa for
said fiscal year in the amount of $8,529,994. A copy of said budget is hereby ordered filed
in the office of the Secretary and shall be certified by the Secretary as having been adopted
by this resolution.
SECTION 2. From the effective date of said budgets, the several amounts stated
therein as proposed expenditures shall be and become appropriated to the respective
objects and purposes therein set forth for the Agency subject to expenditure pursuant to the
provisions of all applicable ordinances of the Agency and statutes of the State. Further, it is
established that the Agency will not exceed its budget.
SECTION 3. All appropriations in the 2002-2003 budget of the Agency not expended
or encumbered hereby expire and terminate, except for those appropriations expressly
continued and carried forward ("re budgeted") into the budget for 2003-2004.
SECTION 4. Pursuant to Government Code 37208, warrants drawn in payment
certified or approved by the Secretary as conforming to a budget approved by ordinance of
the Agency need not be audited by the Agency prior to payment. Budgeted demands paid
by warrant prior to audit by the Agency shall be presented to the Agency for ratification and
approval at the first meeting after delivery of the warrants.
SECTION 5. The Secretary shall certify to the adoption of this resolution.
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ADOPTED ANDA ROVED this 1,60'pay of June, 2003.
HEREBY CERTIFY that the foregoing Resolution No. 03-R18 was duly adopted by
the Board of Directors of the Redevelopment Agency of the City of Azusa at a meeting
thereof held on the 16`h day of June, 2003, by the following vote of the Agency:
AYES DIRECTORS: Hardison, Stanford, Rocha, Chagnon, Madrid
NOES : DIRECTORS: None
ABSTAIN : DIRECTORS None
ABSENT / : DIRECTORS: None
ECRETARY
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